Central banks in sub-Saharan Africa’s key economies will take direction from US Federal Reserve Chairman Jerome Powell when they make calls on interest rates in the next 10 days.
South Korea and Malaysia may provide further evidence this week that emerging-market central banks have successfully vanquished the currency crises of 2018.
The ANC, DA, and EFF are all campaigning on the future of the Reserve Bank. Meanwhile
Reserve Bank governor Lesetja Kganyago has stressed the importance of central bank independence – and the dangers of too broad a mandate – again.
The Fed is now being widely blamed for fueling financial market instability, it is probably only a matter of time until the European Central Bank finds itself in a similar position, writes Bloomberg columnist Mohamed A. El-Erian.
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